President Putin signs decree allowing use of US property in Russia as compensation

Russian President Vladimir Putin signed a decree on May 23 allowing the use of American property in Russia as compensation for damages caused by the seizure of Russian property in the US.

The decree containing the corresponding provision was published on the government portal, which instructed the country’s government to establish a special procedure for compensating the damage caused to Russia and its Central Bank by the US government or judicial decisions, according to Anadolu Agency.

“The government of the Russian Federation, within a four-month period, ensures the introduction of changes to the legislation of the Russian Federation aimed at implementing this decree,” the document further said.